SBI, Macquarie pump $150m into Ashoka Buildcon unit
Two private equity funds managed jointly by State Bank of India and Macquarie Bank of Australia have agreed to invest $150 million in the road construction division of Indian roads and bridges operator Ashoka Buildcon.
Macquarie SBI Infrastructure Fund and SBI Macquarie Infrastructure Trust will funnel the investment into the Ashoka Concessions subsidiary. Ashoka Buildcon had been in talks with private equity and strategic...
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